What is a PEO – and how can it help your business?

This is a complete guide to professional employer organizations (PEOs).
In this guide you’ll learn everything there is to know about PEOs – companies that can work with your organization to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.”
We’ll cover:
What is a PEO?
Why businesses use PEO services
How PEOs operate
What it means to be a certified PEO
If you want to learn what a PEO is and whether it’s a good option for managing your company’s human resources (HR), this guide is for you.
Let’s begin.

☆Table of contents
●What is a PEO?
●What is a PEO?
•Why businesses use PEO services
●Why businesses use PEO services
•How PEOs operate
●How PEOs operate
•What it means to be a certified PEO
●What it means to be a certified PEO
Intro to professional employer organizations (PEOs)
Are you bogged down by employee paperwork?
Is your payroll a pain in the neck?
Or maybe, attracting and retaining good employees is a constant struggle because your benefits aren’t up to par.
The good news: There’s help out there – it’s called a professional employer organization (PEO).
What is a PEO?
What is a professional employer organization (PEO)?
A PEO is an all-inclusive outsourcing option for your most time-consuming HR tasks and employer liabilities – those that are typically your sole responsibility, such as payroll and benefits.
When you join a PEO, it becomes the professional employer of your existing workforce, providing services and benefits (but not any staff).
As operating employer, you maintain control of all organizational decision-making, like managing your employees’ job functions and day-to-day tasks.
Which HR burdens get outsourced and which liabilities get shifted to the PEO depends on what you and the PEO agree to include in your contract, often called a client service agreement (CSA).
Now that you can answer the question, “What is a PEO?” let’s look closer at the benefits of using one.

3 advantages of using a PEO;
By managing many of the HR jobs that you would usually outsource to multiple service providers, PEOs can help you spend less time managing various vendor relationships.
PEOs commonly help their client companies with services that:
Increase operational efficiency
Reduce risks
Maximize the talent in your organization
Here are three specific advantages to using a PEO.
1. Provide better benefits and employee experience
A PEO can usually give you access to a wider range of benefits options, often at better rates, than what you could access on your own as a small or medium-sized organization.
Through a PEO, your employees gain access to big-business benefits and have a single point of contact for information and questions. This can help you recruit and retain better talent for your organization.
When you join a PEO, your employees may have access to:
Employee benefits
Medical, dental and vision coverage
A health care flexible spending account
A retirement plan
Life insurance
Personal accident insurance
Short-term and long-term disability insurance
Adoption assistance
Commuter benefits
Educational assistance
Training and development
Many PEOs can offer you training and leadership development services for your employees, such as an online learning management system containing interactive courses and digital books.
A PEO’s training services may also include live or virtual training seminars.
2. Reduce risk
Through a co-employment relationship with a PEO – your company can effectively and efficiently mitigate a substantial portion of the risk and responsibility associated with having employees, including risks associated with things like:
Correctly reporting, collecting and depositing taxes with state and federal authorities
I-9 requirements
EEO reporting and claim resolution
Management of certain employee-related claims and provision of Employee Practice Liability Insurance (EPLI)
Most PEOs employ specialists who are responsible for monitoring many employer-related state and federal laws. Armed with this knowledge, the specialist stays abreast of constantly shifting laws, regulations and reporting requirements that impact the services the PEO provides to your business.
To help you reduce risks, PEOs often provide:
Workers’ compensation
Joining a PEO provides you with workers’ compensation insurance coverage. The PEO also manages and resolves injured employee claims in the event of an on-site injury.
To prevent injuries before they even happen, PEOs often offer loss prevention specialists who can review your safety practices and design return-to-work programs.
*Payroll processing
*Paying your employees
*Payroll record keeping and compliance
*Online paystubs and W-2s
*Payroll management reports
*Garnishment and deduction administration
*PTO accruals
*HR administration
Supporting your internal HR team, a PEO helps you manage your liabilities as an employer, providing:
*Employee handbooks
*New hire onboarding
*Termination assistance
*Leave of absence request management
*Employee relations support
*Drug testing services
*Liability management training
*Employment verification
3. Reduce costs:
Not only do PEOs help their client companies save time. They can also help you save money through:
Better hiring practices that reduce turnover
Finding new ways to motivate your employees
Making strategic plans for the future
And when you begin accessing HR services and benefits through a single source, you’ll have a better sense of your overall investment in your workforce.
Here’s what services PEOs can provide to help you reduce costs:
●Recruiting support
A PEO can help you design the ideal recruitment process that fits your unique business. It may also work with you to:
●Develop job descriptions
Conduct wage and salary surveys
Improve your hiring managers’ interview and candidate selection skills
●Performance management support
A PEO can help you design and conduct employee performance appraisals on a regular basis. In addition, to support ongoing performance improvement, PEOs often provide you with:
●Compensation resources and tools
Supervisor coaching
Assistance with job descriptions
Reward and recognition program design
•Base pay structures
Self-help tools and worksheets for variable and sales compensation structures
●Strategic HR support and planning
A PEO can help you develop a strategic HR plan that allows you to make HR management decisions now that will support the future direction and growth of your organization.
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*Leave tracking
*Analytical reporting
*W-2 Preparation
*Self Service Portal
*Benefits Management
*HR and payroll
*Multi-country
*Compliance management and Compliance reporting
*Contract management
*Compensation management
*Deductions Management
*Direct Deposit
*Integrations
Payroll is difficult, but you can improve your process using the right tool. To make that process faster and better, Deel offers some integrations with other software like:
Wurkr
QuickBooks Online
QuickBooks
These integrations will help you manage better your business, contracts, and people.

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